MNI BRIEF:Kishida To Review Accord With New BOJ Governor-Press

Prime Minister Fumio Kishida said that the government must talk with the next Bank of Japan governor about whether to rework the joint accord setting a 2% inflation target, the Nikkei reported on Wednesday.

"We'll build a relationship of trust with the new governor and confirm how we will work together," Kishida said.

The term of current Governor Haruhiko Kuroda, the architect of the central bank's ultra-loose monetary policy under its decade-old accord with the government, ends April 8. (See MNI BOJ WATCH: Kuroda Dismisses Shock Shift As Tighter As Tighter Policy)

Kishida argued against counting on monetary policy alone to tackle inflation. "Raising interest rates has an impact on people's day-to-day lives and small and midsize businesses," he said. "It's not the case that all that needs to be done is to raise rates. The government and the BOJ each have a role to play."

As for who will succeed Kuroda in the spring, the prime minister said that "we have to consider what kind of governor would be appropriate." (See MNI POLICY: Kuroda's Legacy Looms As Leadership Race Narrows)